A SMARTER FUTURE/media/Files/A/... · 2020-02-04 · *Alternative Performance Measures – see Integrated Annual Report 2018 pages 208-211. $9.2bn $2.55 $1.00 $26.2bn $5.5bn $4.5bn

A SMARTER FUTURE

1. Overview 02

2. OurHistory 04

3. OurPurpose 06

4. OurValues 08

5. OurPeople 09

6. MetalsandMineralsforModernLife 10

7. WhereWeOperate 12

8. FinancialPerformance 14

9. OurStrategy 16

10. Innovation 18

11. FutureSmartMiningTM 21

11. OurSustainableMiningPlan 22

12. OurGovernance 26

13. MeasuringDeliveryofOurStrategy 30

14. LeadersinResponsibleMining 32

CONTENTS

Version1.0

1A Smarter Future

OVERVIEWAngloAmericanisaleadingglobalminingcompanyandourproductsaretheessentialingredientsinalmosteveryaspectofmodernlife.Ourportfolioofworldclasscompetitiveminingoperationsandundevelopedresourcesprovidesthemetalsandmineralsthatenableacleaner,greener,moresustainableworldandthatmeetthefast-growingconsumer-drivendemandsoftheworld’sdevelopedandmaturingeconomies.Withourpeopleattheheartofourbusiness,weuseinnovativepracticesandthelatesttechnologiestodiscovernewresourcesandmine,process,moveandmarketourproductstoourcustomersaroundtheworld–safely,responsiblyandsustainably.

Asaresponsibleminer–ofdiamonds(DeBeers),copper,platinumgroupmetals,ironore,coalandnickel–wearethecustodiansofwhatarepreciousnaturalresources.Weworktogetherwithourbusinesspartnersanddiversestakeholderstounlockthesustainablevaluethatthoseresourcesrepresentforourshareholders,thecommunitiesandcountriesinwhichweoperate,andforsocietyasawhole.

We mine the metals and minerals that will help the transition to a cleaner, greener world.

Copper is a key element in renewable electricity generation and is heavily used in wind turbines

and solar power panels.

3A Smarter Future2 A Smarter Future

OUR HISTORYAngloAmericanwasfoundedin1917inSouthAfricabySirErnestOppenheimer,raisingfinancialbackingforanewgoldminingcompanyfromtheUKandtheUS,hencethenameofthecompany.In1926,ourlongassociationwithDeBeersbeganandthatcontinuestothisday,withAngloAmericanbecomingitslargestsingleshareholder.

SirErnestOppenheimerestablishedanunderlyingvision“tomakeprofitsforourshareholders,buttodosoinsuchawayastomakearealandlastingcontributiontothecommunitiesinwhichweoperate.”

ItisaphilosophythatisembeddedinourDNAandwell-alignedwithourmorerecentlydevelopedcorporatepurpose.

AngloAmerican’ssuccessoversubsequentdecadessawitinvestincoal,steel,paperandmanyotherindustriesinSouthAfrica,whilealsoinvestinginmininginNorthandSouthAmerica.In1999,AngloAmericanmergeditsglobalinterests,moveditsheadquartersandprimarystockmarketlistingtoLondonandcontinuedtogrow,includingintoAustralia,ChileandPeru,whilealsobuildingaglobalMarketingbusinesstobetterconnectourcustomerstotheproductsweprovide.

Of all the metals that make modern life possible, steel is the most widely used

– and iron ore is its main ingredient. Kolomela Iron Ore Mine in South Africa.

4 A Smarter Future 5A Smarter Future

OUR PURPOSEAnglo American is re-imagining mining to improve people’s lives.

Mininghasasmarterfuture–afuturewhereyoumaybarelynoticesomeminesatall.Andthat’sagoodthing.Outofsight,butneveroutofmind,wewillcontinuetoprovidethepreciousmetalsandmineralsourmodernsocietyneeds.Ourmetalsandmineralsaretheessentialingredientsinsmartphones,electriccarsandwindturbines,whilealsocleaningtraditionalvehicleexhaustandotheremissions;theybuildourhomes,offices,railwaysandairports;andourdiamondsfulfilyourdreams.Simplyput,ourproductsmovetheworldtowardsacleaner,greener,moreelectrifiedandconnectedfuture–amoresustainablefuture.

AtAngloAmerican,weareworkingtomakethisfutureareality–combiningintegrity,creativitycircularityandsmartinnovationwiththeutmostconsiderationforourpeople,theirfamilies,localcommunities,ourcustomersandtheworldatlarge–tobetterconnectpreciousresourcestoallofuswhoneedandvaluethem.

Forthepast100years,ouremployeeshaveledfromthefront.Today,weareleadingtheindustryforwardagainbyfindingnewwaystosource,mine,process,supplyandmarketourproducts.

Usinglesswater,lessenergyandmoreprecisetechnologies,wearereducingourphysicalfootprintforeveryounce,caratandkiloofpreciousmetalormineral.Wearebecomingevermoretransparentinhowweconductourbusinesswhilealsoworkingtogethertodevelopbetterjobs,bettereducationandbetterbusinessesforlocalcommunities.Togetherwithourpartners,wearebuildingbrighterandhealthierfuturesaroundouroperations,inourhostcountriesandultimatelyforbillionsofpeoplearoundtheworldwhodependonourproductseveryday.

Aswelookouttothenext100years,wewillcontinuetounearththepotentialbeneathourfeetandallaroundus,thepotentialthatmetalsandmineralsenable–bothlocallyandglobally.

That’swhyatAngloAmerican,wearere-imaginingminingtoimprovepeople’slives.

A community project supporting the development of gardens in schools local to the Minas-Rio Iron Ore mine in Brazil.


OUR PEOPLEOUR VALUESOurentirebusinessrevolvesaroundpeople.Thepartnershipswebuild,bothwithinAngloAmericanandwithourstakeholders–locallyandglobally–arecentraltomaintainingourregulatoryandsociallicencestooperateandoursustainedcommercialsuccess.Andourcontinueddeliverybuildstrustwithourshareholderstoensuretheirongoinginvestmentsupport.

ToliveuptoourPurpose,wearecreatingaculturethatenablespurposefulandhighperformingteams.Wearecommittedtosixvalueswhichguidehowweconductourselvesandhelpuscreateanorganisationwhereallourpeoplearetreatedinsuchawaythattheybringthebestofwhotheyaretowork.FirstandforemostisSafety.

Forourpeople,wecreateworkingenvironmentsandaninclusiveanddiverseculturethatencouragesandsupportshighperformanceandinnovativethinking.

OurOrganisationModelensureswehavetherightpeopleintherightrolesdoingtherightvalue-addingworkattherighttime,withclearaccountabilitiesminimisingworkduplicationandincreasingorganisationcapabilityandeffectiveness.

Wecollaboratewithcolleaguesandstakeholderstowardsacommonpurposeandtoachieveexceptionaloutcomes.

Wealwaysacthonestly,fairly,ethicallyandtransparently.

Weownourdecisions,actionsandperformance,andareempoweredtomakechoicesandlearnfromourexperiences.

Wechallengeassumptions,seekotherperspectivesandpursueinnovativeopportunitiestotransformourbusiness.

Wegiveouralltoeliminatinginjuriesbecausewevaluelifeandareunconditionalaboutsafety,healthandwell-beingatworkandathome.

Webelieveinhumanityandthereforeshowcareandrespectforallpeopleandwillnotturnablindeyetowhatiswrong.

91,000PEOPLEWEEMPLOY

GLOBALLY

20%OFOUREMPLOYEES

AREWOMEN

28%OFMANAGERIALROLESAREHELDBYWOMEN

Employees at the Kolomela Mine in South Africa on Global Safety Day - an organisation-wide programme to create a workplace that is injury and fatality free.


DE BEERS (DIAMONDS)DeBeersoperatesacrossallkeypartsofthediamondvaluechain,includingexploration,production,sorting,valuingandsellingofroughdiamonds,andthemarketingandretailingofpolisheddiamondjewellery.AngloAmericanowns85%ofDeBeers,theworld’sleadingdiamondcompany.Thebalanceof15%ofDeBeersisownedbytheGovernmentoftheRepublicofBotswana.DeBeersanditspartnersproducearoundonethirdoftheworld’sroughdiamonds,byvalue.

COPPERInChile,wehaveinterestsintwomajorcopperoperations:a50.1%interestintheLosBroncesmine,whichwemanageandoperate,anda44%shareintheCollahuasimine.WealsomanageandoperatetheElSoldadomineandChagressmelter,wherewehavea50.1%interestineach.InPeru,weown60%ofQuellaveco,anewworld-classminewearedevelopingtowardsfirstproductionin2022.

Around60%oftotalglobaldemandforcopperisforelectricaluse–wire,cablesandconnectors,includinginvehiclesandconsumerelectronics.20%isusedinconstruction:waterpipesandroofsheetsbenefitfromcopper’sresistancetocorrosion.Copper’sthermalconductivitymakesitidealforairconditioningandrefrigeration.It’salsocommonlyusedinhospitals,owingtoitsantibacterialqualities.

Copperwillbeincreasinglyindemandforuseinelectricandotherlowemissionvehicles;battery,hydrogenfuelcellandotherformsofelectricandhybridvehiclesrequiresubstantiallymorecopperthanconventionalinternalcombustionvehicles.

PLATINUM GROUP METALS (PGMS)AngloAmericanisaleadingproducerofplatinumgroupmetals.ThemajorityofouroperationsarelocatedintheBushveldComplexinSouthAfrica.WealsoownandoperateUnkimineinZimbabwe.

Platinum,palladiumandrhodiumenablecatalyticconverterstocleanvehicleexhaustgases,anddemandforPGMsfromthecarindustrycontinuestogrowasemissionsregulationsbecomeevermorestringent.Platinumhasagreatrangeofotherusesinthechemical,electrical,medical,glassandpetroleumindustries.Andwithgrowingconcernaboutourenvironmentandenergycostsandavailability,platinumhasaroletoplayasthecatalystinfuelcelltechnology,includingforhydrogenfuelcellelectricvehicles(FCEVs)andpowergenerators.

IRON OREAngloAmerican’sironoreoperationsprovidecustomerswithpremiumqualityironoreproductswhichhelpoursteelcustomersmeetevertighteremissionsstandards.InSouthAfrica,wehaveamajority(69.7%)shareinKumbaIronOre,whileinBrazilwehavethefullyintegratedMinas-Riooperation.

Ofallthemetalsthatmakemodernlifepossible,steelisthemostwidelyused–andironoreisitsmainingredient.Overhalfoftheworld’ssteelisusedinconstruction,includingbuildings,railwaysandroads.Steelisalsousedtomanufacturevehicles,machinery,householdappliancesandmanyotheritemsessentialtoeverydaylife.

COALAngloAmericanistheworld’sthirdlargestexporterofmetallurgicalcoalforsteelmaking,withouroperationsinAustraliaproducinghighqualityproductsforourcustomersacrossAsia,India,EuropeandSouthAmerica.OurminesinSouthAfricaanda33%shareofCerrejóninColombiaproducethermalcoalforaffordableelectricitygeneration.

Whilethermalcoalproducesaround40%oftheworld’selectricity,werecogniseitseffectontheenvironmentandareonatrajectoryawayfromproducingthermalcoal,doingsoresponsibly.

NICKEL AND MANGANESEOurNickelassetsarewhollyowned,consistingoftwoferronickeloperations:BarroAltoandCodemininBrazil.InManganese,wehavea40%minorityshareholdinginSamancorHoldingswithoperationsinSouthAfricaandAustralia.

Thestainlesssteelindustryusestwo-thirdsoftheworld’snickelproductionandvirtuallyallferronickelproducedeachyear.Moststainlesssteelscontainabout8-10%nickel.Thebalanceisusedmainlyinthemanufactureofalloysteelandothernon-ferrousalloys.Stainlesssteelisakeyinputinhigh-techdesignandconstruction.

Themostsignificantofalltheindustrialusesofmanganeseisalsosteelproduction,whichusesmorethan85%ofallmanganesemined.Theoreisparticularlyusefulinincreasingsteel’sresistancetooxidation;itcanalsoimprovetheoverallstrength,durabilityandworkabilityofsteel.

METALS AND MINERALS FOR MODERN LIFE


GLOBALPRESENCE(1)

SOUTH AFRICA

AUSTRALIA

SINGAPORE

SHANGHAI

BOTSWANA

UNITED KINGDOM

FINLAND

BRAZIL

COLOMBIA

PERU

CANADA

CHILE

ZIMBABWE

13 2

21 2 5 6NAMIBIA

2 15

2

1

1

1

1

WHERE WE OPERATEThequalityandlonglifeofourmineralassetsarethefoundationsofourglobalbusiness.Thescaleofourportfolioallowsustoleverageourfinancialresources,technicalexpertise,andsupplierrelationshipstowardsdeliveryonourpotentialandtothebenefitofourcustomers.

Ouraimistobeatrustedcorporateleader.Wepublishannuallyourtaxandeconomiccontributiontoeachofthecountriesinwhichweoperate.Indoingsowehopetoenhancetheunderstandingofourcommitmentandcontinuetoreinforcethetrustthatweseektobuildbetweenourbusiness,ourcommunityandotherstakeholders.

COUNTRIES2018 TOTAL TAX AND

ECONOMIC CONTRIBUTION ($M)

Australia 5,452

Botswana 1,735

Brazil 1,353

Canada 610

Chile 2,809

Colombia 2,117

Namibia 755

Peru 720

Singapore 710

SouthAfrica 8,460

UnitedKingdom 618

Zimbabwe 105

TOTAL 25,444

(1) Numberofoperatingminingassets/majorprojectsunderdevelopmentperbusinessunit.

DEBEERS

COPPER

PLATINUMGROUPMETALS

IRONORE

COAL

NICKELANDMANGANESE


FINANCIAL PERFORMANCE

REVENUE

$27.6bn

OPERATING PROFIT

$6.1bn

NET DEBT*

$2.8bn

UNDERLYING EBITDA*

$9.2bn

UNDERLYING EARNINGS PER SHARE*

$2.55

TOTAL DIVIDENDS PER SHARE

$1.00

2018

2018

2018

2018

2018

2018

2017

2017

2017

2017

2017

2017

$27.6bn

$6.1bn

$2.8bn

*AlternativePerformanceMeasures–seeIntegratedAnnualReport2018pages208-211.

$9.2bn

$2.55

$1.00

$26.2bn

$5.5bn

$4.5bn

$8.8bn

$2.57

$1.02 We produced 668,000 tonnes of copper in 2018. Copper is set to continue as one of the most essential industrial metals as society addresses the challenges of climate change through

renewable energy and electric transportation, and the raising of living standards for the world’s fast-growing population.


OUR AMBITION

Tobethemostvaluedminingcompanyin

the

wor

ldb

y20

23

OUR PURPOSE

PO

RTF

OLIO INNOVATIO

N

PEOPLE

Safety Care and respect Inno

vatio

n

Creatingenduringvalueforallourstakeholders

Collaboration

Accountability

In

tegr

ity

DISCIPLINED CAPITAL ALLOCATION

OUR STRATEGYAngloAmerican’sstrategyhasaportfolioofhighqualityandlonglifeassetsatitscentre,fromwhichwewilldeliverleadingshareholderreturns.Weachievethisthroughinnovativepracticesandtechnologies–inthehandsofourworld-classpeople–thatareprioritisedandguidedthroughvalue-disciplinedcapital allocation,towardsacommonpurpose.

IMAGE CAPTION TO GO HERE

Quellaveco copper mine located in the Moquegua region of Peru, offers a rare and attractive opportunity for us to add another world-class, cost-efficient

mining operation to our diversified portfolio. Production is set to start in 2022.

DISCOVER

PLAN AND BUILD

MINE

PROCESSMOVE

MARKET

END OF LIFE PLAN

Re-imagineminingtoimprove

people’slives


INNOVATION

A view of operations at the El Soldado Copper mine in Chile

OuruniqueOperatingModelisdesignedtotransformassetperformance.Thefocusonstableandpredictabledeliveryprovidesafirmfoundationforcontinuousandsustainableoperatingimprovementtosetnewindustrybenchmarklevelsofperformance.Thisapproachhasresultedinstep-changeadvancesinsafetyandproductivity,andlowercosts,andisembeddedinthebusiness.

Fromresourceexplorationtodeliveringourproductsintoourcustomers’hands,FutureSmartMining™isourinnovation-ledpathwaytosustainablemining:technology,digitalisationandsustainabilityworkinghandinhand.

Thetechnologiesthatwearedevelopinganddeployingtofundamentallychangethewayweextractandprocessourproductswillprovidethenextstepchangeinoperatingperformance–creatingsignificantsafetyimprovementsandmajorenergy,waterandcapitalcostsavings.

OurMarketingModelmaximisesthevaluefromourmineralresourcesandmarketpositions.Wedothisbyfullyunderstandingandaddressingourcustomers’specificneedsandleveragingourcapabilitiesinthefinancialandphysicalmarketstodrivetherightcommercialdecisionsacrossthevaluechain–fromminetomarket.

Acrosseveryaspectofourbusiness,wearethinkinginnovativelyabouthowweworktoensurethesafetyofourpeople,enhanceoursustainabilityperformance,anddeliverindustry-leadingmarginsandreturns.


FUTURESMART MININGTM

POR

TFO

LIO P

EOP

LE

OUR STRATEGY

INNOVATION

Operating ModelOurOperatingModelisthefoundationforhowweplanandexecuteeachtask.ItprovidesthelinktoP101andourFutureSmartMining™programmeandit’sthegluetoeverythingwedo.Ourfocusonoperatingstabilityandpredictability

supportssafe,reliableperformanceandcontinuousimprovement.

P101P101isourtransformationalasset

productivityprogramme,systematicallyimprovingtheperformanceofourmost

value-drivingminingprocessesandotherworktosetnewlevelsofbenchmark

performance.Itsetsthecontextforourprogressandiscriticaltoenablethe

deliveryofFutureSmartMining™.

Marketing ModelOurMarketingModeloptimisesthevaluefromourmineralresourcesandmarket

positions.Byfullyunderstandingandaddressingourcustomers’specificneeds

andleveragingourcapabilitiesinthefinancialandphysicalmarkets,wedrivetherightcommercialdecisionsacrossthevaluechain–fromminetomarket.

OurSustainableMiningPlan,integraltoFutureSmartMining™,supportsourinnovationanddeliveryofstepchangeresults

acrosstheentireminingvaluechain.Frommineraldiscoveryrightthroughtomarketingourproductstocustomers,weare

changinghowouremployeesandstakeholdersexperienceAngloAmerican.

OurSustainableMiningPlanisbuiltaroundthreeGlobalSustainabilityPillarsalignedtotheUN’sSustainable

DevelopmentGoals:

CollaborativeRegionalDevelopmentisattheheartofourapproachandisourmodelforbringinglong-termsustainable

developmentopportunitiestotheregionsaroundouroperations.

SustainabilityTechnology & Digitalisation

CONCENTRATING THE MINE™

Greaterprecision,withlowerenergy,water

andcapitalintensity

–CoarseParticleRecovery–BulkOreSorting

–UltrafineRecovery

WATER-LESS MINE

Reducingdependenceonwater,towardsfullrecovery

recyclinganddrytailings

–CoarseParticleRecovery–NovelLeach–DryTailings

MODERN MINE

Safemining,removingpeoplefromharm’sway

–ContinuousHardRockCutting–RemoteOperationControl

–SwarmRobotics

INTELLIGENT MINE

Transformingdataintopredictiveintelligence:

connectedlearningmines

–DigitalEcosystem–DigitalTwins

–AdvancedProcessControl

TRUSTED CORPORATE LEADER

THRIVING COMMUNITIES

HEALTHY ENVIRONMENT

SUSTAINABLE MINING PLAN

PLANNING AND IMPLEMENTATION IN PARTNERSHIP

REGIONAL SPATIAL

ANALYSIS

FutureSmart Mining™Technology,DigitalisationandSustainability

workinghandinhand.

FutureSmartMining™isourinnovation-ledapproachtosustainablemining.Thesearethestep-changeinnovationsthatwilltransformthenatureofmining–howwesource,mine,process,moveandmarketourproducts–andhowourstakeholdersexperienceourbusiness.Itisabouttransformingourphysicalandsocietalfootprint.

FutureSmartMining™isourblueprintforthefutureofourbusiness.Afutureinwhichbroadinnovativethinking,enablingtechnologies,andcollaborativepartnershipswillshapeanindustrythatissafer,moresustainableandefficient,andbetterharmonisedwiththeneedsofourhostcommunitiesandsocietyasawhole.

OneofthemostexplicitwaysinwhichwearelivinguptoourPurposeisthroughFutureSmartMining™:technology,digitalisationandsustainabilityworkinghandinhand.


OUR SUSTAINABLE MINING PLAN

Asourglobalpopulationgrows,thisleadstoagreaterdemandformineralsandmetals,corecomponentsofproductsandservicesthatareessentialtohumanprogress.Butit’saboutmorethanjusttheworkwedoandthefootprintweleave.Wearepartofpeople’slives.Peoplewhodemandanddeservemorethanjusthighproductquality.Modernsocietyrightlyexpectstheminingindustrytomakeapositivecontributiontosocio-economicdevelopmentwhilereducingitsenvironmentalfootprintandsupportingbiodiversity.

Ourindustryhastoaddresscriticalchallengesofsafety,productivityandthewayweuseland,energyandwater.

So,wedevelopedourSustainableMiningPlan,integraltoFutureSmartMining™,toinnovateanddeliverstep-changeresultsacrosstheentireminingvaluechain–frommineraldiscoveryrightthroughtodeliveringproductstoourcustomers.OurSustainableMiningPlanistransformingourentirebusinessandisdesignedtodelivervaluetoallourstakeholders.

A 90kw grid tied solar farm installed at the Greenside Colliery in South Africa. The plant produces enough energy to power all the surface offices at the mine.

Accountability Our vision is to transform the relationship between mines and communities, and wider society

Ethical value chains Our vision is to be a part of a value chain that supports and reinforces positive human rights and sustainability outcomes

Policy advocacy Our vision is to take a lead on issues that affect our business in a way that is collaborative and aimed at society’s wider goals

Education Our vision is for all children in host communities to have access to excellent education and training

Health and well-being Our vision is for the SDG targets for health to be achieved in all our host communities

Livelihoods Our vision is shared, sustainable prosperity in our host communities

Biodiversity Our vision is to deliver net positive impact (NPI) across Anglo American through implementing the mitigation hierarchy and investment in biodiversity stewardship

Climate change Our vision is to operate carbon neutral mines

Water Our vision is to operate waterless mines in water scarce catchments


OUR GLOBAL SUSTAINABILITY PILLARS

AtthecentreofourplanarethreeGlobalSustainabilityPillars:

2030 GOALS

Undereachofthepillarswehaveasetofstretchgoals.Theyaredeliberatelyambitiousanddesignedtochallengeustoleadandinnovate.Andwe’reputtingalloureffortsintodeliveringthembetweennowand2030.

Developingtrustasacorporateleader,providingethicalvaluechainsandimprovedaccountabilitytothecommunitiesweworkwith.

Accountability (Local)

Establishmultiplelevelsofopenandaccountabledialogueleadingtoagreatermutualtrust

Accountability (National and International)

Widespreadrecognitionofthebenefitsthatresponsibleminingcanbring,acollaborativeopennessaboutthechallengesandamoreconsensualworkingrelationshipbetweenAngloAmericanandsociety(increase/improveby100%)

Policy Advocacy

- Externalrecognitionofourleadershiponpolicyadvocacy

- Stronglevelsofengagementinpolicydebates

Ethical Value Chains (Responsible Sourcing) – 2025 Milestones

- AllAngloAmericanoperationstohaveundergone3rdpartyauditsagainstrecognisedresponsibleminecertificationsystems

- ResponsiblesourcingfullyimplementedacrossAngloAmericanandadvocateforthedevelopmentofacommonresponsiblesourcingstandardfortheminingindustry

Education*

Schoolsinhostcommunitiestoperformwithinthetop20%ofstateschoolsnationally

Health and Well-being

SDG3targetsforhealthtobeachievedinourhostcommunities

Livelihoods*

Fivejobscreated/supportedoff-siteforeveryjobon-site

Biodiversity

Delivernetpositiveimpact(NPI)onbiodiversityacrossAngloAmerican

Climate Change

- Reducenetgreenhousegas(GHG)emissionsby30%

- Improveenergyefficiencyby30%

Water

Reducetheabstractionoffreshwaterinwaterscarceregionsby50%

Buildingthrivingcommunitieswithbetterhealth,educationandlevelsofemployment.

Maintainingahealthyenvironmentbycreatingwater-less,carbonneutralminesanddeliveringpositivebiodiversityoutcomes.

Zimele Hub, an enterprise development initiative, at the Mogalakwena PGMs Mine South Africa

South Africa Education Programme in partnership with the Department of Basic Education (DBE).

The Groenfontein farm and training centre offers courses in permaculture and cattle management to local communities. *Alternativemeasuresmaybeproposedinhighincome

countrieswithgoodeducationsystemsandlowunemployment.


OUR GOVERNANCEOurbusinessisorganisedtoreflectourvaluesofintegrityandaccountability,helpingusworkbettertogetherwhilemeetingthehigheststandardsofgovernance.

Stuart Chambers Chairman

Stuartjoinedasanon-executivedirectorinSeptember2017becomingChairmaninNovemberofthatyear.StuartbringstoAngloAmericansignificantglobalexecutiveandboardroomexperienceacrosstheindustrial,logisticsandconsumersectors.StuartpreviouslyservedaschairmanofARMHoldingsplcandRexamplcuntil2016;andasanon-executivedirectorontheboardsofTescoplc(2010-15),ManchesterAirportGroupplc(2010-13),SmithsGroupplc(2006-2012)andAssociatedBritishPortsHoldingsplc(2002-06).Hisexecutivecareerincluded13yearsatPilkingtonplcanditssubsequentparentcompanyNipponSheetGlassuntil2010,inanumberofexecutiverolesandultimatelyaschiefexecutiveofbothcompanies.Priortothat,Stuartgained10yearsofsalesandmarketingexperienceatMarsCorporation,following10yearsatShell.

Mark Cutifani Chief Executive

MarkjoinedAngloAmericanasChiefExecutiveinApril2013.MarkisamemberoftheBoardandGroupManagementCommittee(GMC),isanon-executivedirectorofAngloAmericanPlatinum,ChairmanofAngloAmericanSouthAfrica(AASA)andChairmanofDeBeers.MarkwaspreviouslyCEOofAngloGoldAshantiLimited,apositionheheldfrom2007-2013.BeforejoiningAngloGoldAshanti,MarkwasCOOatValeIncowherehewasresponsibleforVale’sglobalnickelbusiness.PriortothisheheldseniorexecutivepositionswiththeNormandyGroup,SonsofGwalia,WesternMiningCorporation,KalgoorlieConsolidatedGoldMinesandCRA(RioTinto).

CHAIRMAN AND EXECUTIVE DIRECTORS

Stephen Pearce Finance Director

StephenbecameamemberoftheGroupManagementCommitteeinJanuary2017andwasappointedtotheBoardasFinanceDirectorinApril2017.Heisalsoanon-executivedirectorofAngloAmericanPlatinumLimitedandBAESystemsplc.Hehasmorethan16yearsofpubliccompanydirectorexperienceand30years’experienceinthemining,oilandgas,andutilitiesindustries.BeforejoiningAngloAmerican,StephenservedasCFOandanexecutivedirectorofFortescueMetalsGroupfrom2010to2016.Priortothat,heheldthepositionsofmanagingdirectorandCEOofSouthernCrossElectricalEngineeringLtdandwasCFOofAlintaLtd.UntilJanuary2017,heservedasanon-executivedirectorofCedarWoodsPropertiesLtd.

Tony O’Neill Technical Director

TonyisamemberoftheGroupManagementCommittee(GMC).HejoinedAngloAmericaninSeptember2013asGroupDirectorforTechnicalandSustainability,beingappointedtotheBoardasTechnicalDirectorinJuly2015,withresponsibilityfortheTechnicalandSustainabilityfunction.Heisalsoanon-executivedirectorofAngloAmericanPlatinumandDeBeers.

TonyjoinedAngloGoldAshantiinJuly2008asExecutiveVicePresident–BusinessandTechnicalDevelopmentandservedasjointactingCEOuntilJuly2013.

Hisextensivecareerintheminingindustryhasspannedironore,copper,nickelandgoldandincludeshisrolesasOperationsExecutiveatNewcrestMiningandastheHeadoftheGoldBusinessatWesternMiningCorporation.


BOARD OF DIRECTORS GROUP MANAGEMENT COMMITTEE

For the profiles of all our senior leaders, please visit angloamerican.com

Stuart Chambers CHAIRMAN

Mark Cutifani CHIEF EXECUTIVE

Stephen Pearce FINANCE DIRECTOR

Tony O'Neill TECHNICAL DIRECTOR

Mark Cutifani CHIEF EXECUTIVE

Stephen Pearce FINANCE DIRECTOR

Tony O'Neill TECHNICAL DIRECTOR

Byron GroteSENIOR INDEPENDENT DIRECTOR

Ian AshbyINDEPENDENT NON-EXECUTIVE DIRECTOR

Mphu RamatlapengINDEPENDENT NON-EXECUTIVE DIRECTOR

Hixonia NyasuluINDEPENDENT NON-EXECUTIVE DIRECTOR

Marcelo BastosINDEPENDENT NON-EXECUTIVE DIRECTOR

Anne StevensINDEPENDENT NON-EXECUTIVE DIRECTOR

Jim RutherfordINDEPENDENT NON-EXECUTIVE DIRECTOR

Nonkululeko NyembeziINDEPENDENT NON-EXECUTIVE DIRECTOR

Chris GriffithCEO OF PLATINUM GROUP METALS

Richard PriceGROUP GENERAL COUNSEL AND COMPANY SECRETARY

Didier CharretonGROUP DIRECTOR - PEOPLE & ORGANISATION

Ruben FernandesCEO OF BASE METALS

Duncan WanbladGROUP DIRECTOR - STRATEGY & BUSINESS DEVELOPMENT

Seamus FrenchCEO OF BULK COMMODITIES AND OTHER MINERALS

Anik MichaudGROUP DIRECTOR - CORPORATE RELATIONS

Nolitha FakudeGROUP DIRECTOR - SOUTH AFRICA

Themba MkhwanaziCEO OF KUMBA IRON ORE

Bruce CleaverCEO OF DE BEERS

Peter WhitcuttCEO OF MARKETING


http://www.angloamerican.com

MEASURING DELIVERY OF OUR STRATEGYWetrackourstrategicprogressandsustainabilityonanongoingbasisusingkeyperformanceindicators(KPIs)thataretiedtooursevenpillarsofvalue:

Safety and HealthTodonoharmtoourworkforce

ProductionTosustainablyproducevaluableproduct

EnvironmentTominimiseourimpactontheenvironment

CostTobecompetitivebyoperatingasefficientlyaspossible

Socio-PoliticalTopartnerinthebenefitsofminingwithlocalcommunitiesandgovernment

FinancialTodeliversustainablereturnstoourshareholders

PeopleTocreateasustainablecompetitiveadvantagethroughcapablepeopleandaneffective,Purpose-led,highperformanceculture

Participants of the Moranbah North coal mine (Australia) training programme dedicated to providing women with the opportunity to complete

on-the-job training and receive a Certificate in Underground Coal mining.


LEADERS IN RESPONSIBLE MININGAngloAmericanisrecognisedbyanumberofsustainabilityindices,suchastheJohannesburgStockExchangeSociallyResponsibleInvestmentIndex(SRIIndex),theUNGlobalCompactandtheResponsibleJewelleryCouncil.Ourinvolvementintheseindicesandtheothersdepictedbelowhighlighttheresponsibleandtransparentwayweinwhichwework.

CERTIFICATEOF MEMBERSHIP

This is to certify that

Anglo American

is a constituent company in the FTSE4Good Index Series

June 2019

Further details of our accreditations can be found at angloamerican.com

32 A Smarter Future

http://angloamerican.com

ANGLO AMERICAN PLC

20CarltonHouseTerraceLondonSW1Y5ANUnitedKingdom

T+44(0)2079688888

www.angloamerican.com

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Documents

A SMARTER FUTURE/media/Files/A/... · 2020-02-04 · *Alternative Performance Measures – see Integrated Annual Report 2018 pages 208-211. $9.2bn $2.55 $1.00 $26.2bn $5.5bn $4.5bn